Section 493.1037 - Certification By National Association of Insurance Commissioners If an applicant for certification has been certified as a reinsurer in a National Association of Insurance Commissioners accredited jurisdiction:
(1) the commissioner may make a determination to defer to the accredited jurisdiction's certification and the financial strength rating assigned by that jurisdiction; and(2) if the commissioner makes the determination authorized by Subdivision (1), the applicant shall be considered to be a certified reinsurer in this state.Tex. Ins. Code § 493.1037
Added by Acts 2017, Texas Acts of the 85th Leg. - Regular Session, ch. 594,Sec. 2.05, eff. 9/1/2017.